Common use of Retention Requirements Clause in Contracts

Retention Requirements. The Borrower shall ensure (by obtaining a signed Retention of Net Economic Interest Letter from a Responsible Officer of the Retention Provider from time to time upon the written request of the Facility Agent) that the Retention Provider (i) at all times holds the Retention Interest in accordance with paragraph (d) of Article 405(1) of the CRR and Article 51(d) of the AIFMD L▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇▇, (▇▇) has not changed and will not change the manner in which it retains the Retention Interest, except to the extent permitted under the Retention Requirements and (iii) has not entered and will not enter into any credit risk mitigation, short position or any other credit risk hedge or credit risk hedging arrangement of any kind with respect to the Retention Interest, except to the extent permitted under the Retention Requirements.